Great-West Buys Putnam

Scotia Capital, 2 February 2007� We believe attractively financed deal has limited downside and provides an opportunistic entry point into a business that only makes sense in the long run. No question in our minds that if you're in the retirement business in the U.S. (as is GWO in 401(k) business and 457 business) than it makes sense to be in the U.S. mutual find business, provided you can find